Akorn (AKRX - Get Report) was upgraded to buy from neutral at Nomura Securities. $46 price target. The stock is down 60% since April, but the company has multiple catalysts going forward, Nomura said.
C.H. Robinson Worldwide (CHRW - Get Report) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $66 price target. Industry margins are shrinking and demand remains tepid, analysts said.
KLX (KLXI) was upgraded to sector perform from underperform at RBC Capital Markets. $34 price target. Management is cutting costs and buying back stock, RBC said.
Knight Transportation (KNX - Get Report) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $28 price target. The industry is facing higher driver costs, Bank of America/Merrill Lynch said.